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You have received entitlements to build a retail center with 500,000 sq. ft. or an office building with 450,000 sq, ft. on a 2-acre site.

You have received entitlements to build a retail center with 500,000 sq. ft. or an office building with 450,000 sq, ft. on a 2-acre site. The retail NOI per sq. ft. is $20 and office is $22, the stabilized return on cost for the retail property is 7% and 5.5% for the office property. Which of the following statements is true?

A. The stabilized NOI of the office building is $9.9 million

B. The stabilized NOI of the retail center is $10.5 million

C. The FAR of the retail center is 5.5 D. The FAR of the office building is 5.5

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